We are entering a transformative phase for the derivatives ecosystem. Deribit and Coinbase are excited to announce a two-fold evolution of our infrastructure:
🎖 the launch of Starbase, our new high-performance matching engine, and
🎖 the consolidation of Coinbase International Exchange (INTX) with Deribit into a single institutional-grade trading venue.

This transition represents a significant leap in performance, liquidity, and product depth, creating a unified, institutional-grade trading venue under the Dubai-based Deribit FZE entity.

📰 Starbase 🚀
🔹Ultra-Low Latency
🔹Enhanced Throughput
🔹Binary API Suite: A new suite of binary APIs specifically for low-latency order entry and market data feeds. All current APIs will remain fully supported for the time being.
🔹High degree of fairness: Orders are FIFO directly after the order entry gateway and all traders have equal access to each gateway.

❓Read more here about Starbase and how it matters to you.

📰 INTX & Deribit Consolidation
Coinbase’s international derivatives business is merging with Deribit to create a single, powerhouse venue located at the London LD4 data center.

Key Infrastructure & Liquidity Benefits:
🔹Unified Venue: Integration of INTX linear perpetuals with Deribit’s industry-leading options & futures suite.
🔹Connectivity: Reach our HFT nodes via Equinix LD4 co-location, physical cross-connect, or AWS PrivateLink.
🔹Robust Risk Framework: A larger consolidated insurance fund and a Risk Framework enhanced with the best of INTX.
Note: Liquidity Support Program (LSP) and Auto-Deleveraging (ADL) will be implemented for perpetuals (except for assets with active options markets like BTC, ETH, and SOL).
🔹Funding Methodology: Perpetuals will transition to the Deribit funding methodology.

Timeline & Migration Roadmap
🔹April 8, 2026 - Starbase Testnet: UAT environment live for integration and testing.
🔹Early July 2026 - Starbase Production: Full production release of the Starbase engine.
🔹August 17, 2026 - INTX Cutover: INTX closes all books; Open Interest (OI) and collateral migrate to Deribit.

Post-cutover, INTX will be deprecated. All balances, positions, and trading activity will reside exclusively on Deribit.

Deribit. Always Open.

🚨 Change to Deribit Option Delivery Process

From April 1, 2026, Deribit will move from cash-settled options to future-settled options on all linear (USDC settled) options.

What is changing?
Instead of settling directly to cash, expiring linear options will now be physically settled into a futures contract with the same expiry date at 8:00 UTC. The expired futures contract is then cash-settled in the usual manner. This also means that each option expiry will have an associated futures contract during its entire lifecycle.

What does it mean for you?
✅ Consistency: Structural change to the delivery mechanism - no impact on your final P/L or settlement currency.
✅ Lower Fees: Delivery fees are now charged only on the net remaining futures position. This means your fees will either decrease or stay the same.
✅ Performance: Improved engine stability during major expiries.

Rollout Schedule:
🔹April 1, 2026: Rollout begins with Linear (USDC settled) options
🔹Later Date (TBA): The change will be implemented for Inverse (Coin settled) options.

Note for API Users: Ensure your systems account for the brief transition from option to future during the 08:00 UTC expiry window.

Read the full details here: 👉 full article

Deribit. Always Open.

🛡 Update: VIP Fee Tier Protection

Deribit is extending its temporary adjustment to the VIP tier evaluation framework to ensure fee stability for our users amidst current market conditions.

Key Adjustments for April 2026:
• Downgrade Protection: On 1 April 2026, the automated fee tier evaluation will bypass downgrade conditions for accounts currently classified as VIP 2 through VIP 6. Traders whose March volume falls below their current tier threshold will retain their existing fee status.
• VIP Tier 1: As an equity-based tier, VIP 1 remains subject to the standard equity eligibility requirements.
• Standard Upgrades: The automated upgrade pathway remains unchanged. Accounts meeting the criteria for higher volume thresholds will be upgraded according to standard logic.

This adjustment reflects our commitment to supporting active participants with greater fee stability and planning confidence. By removing the immediate pressure of volume-based downgrades, we aim to provide a stable foundation for our clients to capitalize on a recovery in market activity.

Deribit. Always Open.

🔧 Scheduled Maintenance for Colocated Clients Only – April 13, 2026

On April 13, 2026, Deribit’s network team will carry out planned infrastructure maintenance between 07:00 and 9:30 UTC. This maintenance affects colocated clients only.

What is happening?
Two items are being addressed:
🔹Colocation internet switches are being replaced with new hardware (RCI-40), and
🔹A firewall is being added to the internet connection for colocated clients (RCI-42). The firewall addition will not affect your existing internet connection.

What does it mean for you?
✅ Trading stays open - No trading interruption expected.

⚠️ Possible intermittent disruption – General internet and IPMI access for colocated clients may experience brief packet/connection loss or higher latency during the 07:00–9:30 UTC window.
There’s no action required.

Deribit. Always Open.